Bank of Poland
October 4, 2017
Poland’s central bank reference interest rate has been at 1.5% since a series of reductions ended with a pair of 50-basis point cuts in January and March 2015. The benchmark had been at 4.75% prior to November 2012. Poland’s Monetary Policy Council released a statement after this week’s policy review that noted continuing low core inflation despite a pick-up in wages and stable consumption-led economic growth. Officials concluded that “the risk of inflation running persistently above the target in the medium term is limited.” Therefore, “the Council confirms its assessment that, given the present data and forecasts, the current level of interest rates is conducive to keeping the Polish economy on the sustainable growth path and maintaining macroeconomic balance.”
Copyright 2017, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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